AKM Lace & Embrotex Limited IPO

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AKM Lace & Embrotex Ltd (AKM) is engaged in the business of manufacturing and trading of all types of embryotic goods, laces, fabrics, clothing, wearing apparel for personal, commercial and industrial use.
AKM’s sale model is divided into two parts, i.e. sale of traded goods which comprises of cotton fabrics, grey cloth, etc and sale of manufactured/processed goods, which comprises of knitted fabrics primarily lace based. For the year ended March 31, 2017, they traded and manufactured goods constituted 73.08% and 26.92% respectively of the total revenue from operations. Company’s products are mostly used in the manufacture of apparels such as sarees, shirtings, suitings, and upholstery such as curtains among others. The company purchases the traded goods from the local suppliers and manufacturers and sells the same to small-scale traders.

AKM Lace & Embrotex Limited IPO Stock Quote & Charts

19.65

0.00%

  • Open: 19.65
  • High - Low: 19.65 - 19.65
  • Previous Close: 19.65
  • Total Traded Volume: 6000
  • Updated On: 12-Oct-2018

Objects of the AKM Lace & Embrotex Limited IPO:

1. Working capital requirement 2. General Corporate Purposes 3. Issue related expenses

AKM Lace & Embrotex Limited IPO Details:

Open Date: Sep 20 2017
Close Date: Sep 22 2017
Total Shares: 1,902,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 4.76 Cr.
Lot Size: 6000 Shares
Issue Price: ₹ 25 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 29 2017

Promoters And Management:

1. Mr. Anoop Kumar Mangal 2. Anoop Kumar Mangal and Sons (HUF) 3. Mr. Shambhu Dayal Mangal

Lead Manager of AKM Lace & Embrotex Limited IPO:

  1. Aryaman Financial Services Limited

Registrar of AKM Lace & Embrotex Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

AKM Lace & Embrotex Limited IX/6024 Ram Gali, Subhash Mohalla, Gandhi Nagar - Delhi - 110031 Phone: +91 - 11 - 4985 6126 Fax: +91 - 11- 4580 5612 Email: akmlace@gmail.com Website: www.akmlace.com

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